China’s Shenhua and Copelouzos Group sign deal for green energy projects

China’s state Shenhua Group Corp Ltd., the largest coal producer in the world and one of the largest energy producers of conventional and renewable sources in the country, and Copelouzos Group, one of the largest investment groups in Greece, signed on Friday an agreement for cooperation and development in the green energy sector and in the environmental upgrading of energy generating units in Greece and other countries.

The estimated amount of the investments will total 3 billion euros, Copelouzos Group said in a press release.

“Our Group believes in green energy and the prospects of Greece. We are confident that the cooperation with Shenhua Group will act as a catalyst for the conclusion of important investments and will promote the energy industry in Greece, with an emphasis on green energy and the environmental upgrading of energy producing units,” the head of Copelouzos Group, Dimitris Copelouzos, said on the deal.